July 1, 2019 Volume 21, Issue 18 INSIDE THIS ISSUE U.S. DOC Issues Preliminary Antidumping Duties TPC Wire & Cable Acquires EZ Form Cable....2 on Aluminum Wire and Cable from China LEONI Wins Jaguar Land Rover Award............2 Liberty Steel Acquires Johnson Wire................2 The U.S. Department of Commerce (DOC) announced the affirmative prelimi- Nexans Superconductor Cable Testing...........3 Priority Wire & Cable Increases Prices 5-8%...4 nary determination in the antidumping duty (AD) investigation of imports of alumi- NKT to Co-Develop Superconducting Cable... 4 num wire and cable from China, finding that exporters from China have dumped Champlain Cable Inducted into HOF in VT...... 4 aluminum wire and cable in the USA at a margin of 58.51% to 63.47%. As a result, JDR Wins Cable Contract..................................5 the DOC will instruct U.S. Customs and Border Protection to collect cash deposits Radix Wire & Cable Celebrates 75 Years........5 from importers of aluminum wire and cable from China based on the preliminary Times Microwave Opens Facility in Arizona...6 Global Submarine Cables Growing at 9.2%... 6 rates noted above. Furukawa & SWCC Alliance..............................6 Commerce is scheduled to announce the final determination on or about Octo- LS Cable & System Donates Millions .............. 7 ber 9, 2019. If Commerce’s final determination is affirmative, the U.S. International Comtran Converts Cat 6 Cables to 6e............. 7 Trade Commission (ITC) will be scheduled to make its final injury determination AFL Expands ADSS Cable Line.......................... 7 on or about November 22, 2019. If the DOC makes an affirmative final determina- IPC & WHMA Sponsoring M-EXPO..................8 tion of dumping, and the ITC makes an affirmative final injury determination, DOC Wire & Cable Verona 2019...............................8 will issue an AD order. If DOC makes a negative final determination of dumping, Presented by: or the ITC makes a negative final determination of injury, the investigation will be terminated and no orders will be issued. The petitioners are Encore Wire Corporation, McKinney, TX, USA and Southwire & Company, LLC, Carrollton, GA, USA. Encore Wire President/CEO, Daniel Jones, said, “We believe that these illegal trade practices Initial Publications, Inc. have undermined our investments in aluminum wire 1741 Akron Peninsula Rd, production, which is an important complement to our Akron, OH 44313 USA market-leading copper building wire business.” Nor- man Adkins, Southwire EVP/CCO, added, “We support Tl: +1 330 864 2122 • Fx: +1 330 864 5298 DOC’s preliminary determination in the antidumping e-mail: [email protected] investigation of aluminum wire and cable imports from China. Our strong legacy of success is proof of Southwire’s ability to fairly compete in the marketplace. These Chip Lippincott Publisher findings better allow us to compete with Chinese producers on a level playing field.” Mike McNulty VP & Editor www.commerce.gov • www.southwire.com • www.encorewire.com Jim Masar Senior Editor Tom Hutchinson Global Sales Manager Mike Dies Sales Representative Prysmian Secures Grid Connection P roject for Offshore Wind Farms in Germany Subscribe @ www.wiretech.com/overview.asp Prysmian Group, Milan, Italy, has won a major grid connection project worth €140 million by the Dutch-German grid operator, TenneT, to enable connection of multiple offshore wind farms to the German grid. “The Dolwin5 project continues our valued long relationship with major TSO, TenneT, and demonstrates our ability to provide tailor-made submarine cable solutions for challenging projects, providing the offshore infrastructure needed to support the growth of clean energy in Northern Europe,” stated Hakan Ozmen, EVP Projects, Prysmian Group. The project involves supply/installation/commissioning of an HVDC 320 kV XLPE-insulated submarine and land power cable connection (transmission capacity of 900 MW) and the associated fiber optic cable system, for a land route of 30 km and a subsea route of 100 km. The connections will link the offshore converter platform DolWin epsilon to the mainland Emden/Ost converter station. www.prysmiangroup.com Wire & Cable Stock Indexes % CHANGE % CHANGE since last issue YTD 2017 OVERVIEW 40 3118 +7.1 +15.2 OVERVIEW Electrical 2443 +6.4 +15.8 OVERVIEW Communications 672 +9.5 +12.5 OVERVIEW Steel 310 +6.8 +9.5 Phone: •All data are from prices listed on the market on June 25, 2019. +1 973 402 4098 www.simpacks.com Page 1
BUSINESS & MARKET REPORT July 1, 2019 Pelican Wire announces the fine-gauge and high-tempera- Paid Family Leave policy ture wire fields, Pelican Wire works = Notebook globally across multiple industries, In an effort to continually improve offering custom solutions in aero- TPC Wire & Cable Acquires the workplace environment for space, medical, industrial, automo- EZ Form Cable Corporation tive, defense and many other fields. TPC Wire & Cable Corp., Mace- all Employee-Owners, the leadership team at Pelican www.PelicanWire.com donia, OH, USA, Wire, Naples, FL, USA, re- a portfolio com- cently announced a new, compre- RF Industries names pany of Audax Private Equity, hensive ‘Paid Family Leave’ benefit. Sherry Cefali to Board has acquired EZ Form Cable This expanded paid-leave benefit Corporation, an AS9100D-certi- includes maternity/paternity leave RF Industries, Ltd., San Diego, CA, fied provider of coaxial cable in and leave for primary caregivers of USA, a national manu- Hamden, CT, USA. EZ Form sup- immediate family members with a facturer and marketer of plies RF and microwave intercon- serious health condition requiring nect products for use in defense, full-time care. interconnect products and systems, space, wireless communications Provided at no cost to the Em- has appointed Sherry Cefali to its and medical instrumentation. ployee-Owner, this benefit expands Board of Directors. Cefali is a Man- The acquisition strengthens TPC beyond Short-Term Disability, which aging Director in the transactions as a diversified supplier of high- only provides coverage for situa- opinions practice at Duff & Phelps performance wire and cable tions involving a serious health con- and head of the firm’s Los Angeles, solutions to specialized, high dition of the employee. CA, USA, office. cost-of-failure environments. Pelican Wire is an employee- www.tpcwire.com owned manufacturer of applica- Cefali has over 25 years of ex- tion-driven wire solutions in the perience rendering fairness and Liberty Steel of GFG Alliance areas of thermocouple, resistance solvency opinions and determin- Acquires Johnson Wire and custom wire. With specialties in ing valuations of companies and Sanjeev Gupta’s Liberty Steel, securities. She is a member of the part of the global GFG Alliance, Fairness and Solvency Opinion has further expanded its footprint in the USA steel downstream LEONI Wins Jaguar Land Rover Supplier Award products market with the recent acquisition of Johnstown Wire Global provider of energy and data took place in May 2019 at the manu- Technologies (JWT), Johnstown, PA, USA, the largest producer of management solutions in the automo- facturer’s UK headquarters in the West value-added carbon and alloy wire in North America. tive sector, LEONI AG, Nürmberg, Midlands, Jaguar Land Rover’s Direc- The acquisition from private invePstemrfeonrmt fairnmce, AEtlaesritaomn eInrsvest- Germany, has won the Automotive tor of Global Purchasing Ian Harnett CmPeEn, Ct SPMar,tCnRe,rsF,KwMa,sHfNinBaRn,cEePdDbMy group eq(u33it0y) a65lo3-n8g34w1 ith loans Supplier Excellence Award from UK commented: “LEONI is managing the from PwNwCwB.luiasnindeacssorCpr.ceodmit. car maker Jaguar Land Rover. The change in our sector with a great deal www.libertyhousegroup.com award honors the flexibility and reli- of flexibility and professionalism.” Specialty Additives: Zinc Oxide ability of the supplier, which provides Peroxides, Co-agents, Silica, FRs, etc. the manufacturer’s various models (330) 653-8341 www.liandacorp.com with cable harnesses and other com- ponents for the wiring system. The two companies have maintained a longtime partnership, during which technologies for future generations of vehicles are now also being developed such as new electrical and electronic architectures. The automotive industry is currently The cooperation between Jaguar Land undergoing a transformation that Rover and LEONI extends beyond demands significant flexibility across production/logistics. Jaguar Land the entire supply chain. Every year, Rover has handed responsibility for Jaguar Land Rover therefore picks developing some of the systems and 15 companies from its pool of over components used in its latest vehicles 3500 suppliers who have made sig- to its supplier. And LEONI will move nificant achievements in supporting even further up the value chain, and this transition and who best represent work with Jaguar Land Rover in the the ‘customer first’ principles at Jaguar design phases of new electrical/elec- Land Rover. LEONI was one of these tronic architectures for future vehicles. www.leoni.com top 15. At the award ceremony, which Page 2
BUSINESS & MARKET REPORT Senior Review Committee at Duff Doing Right and Building Worth. July 1, 2019 & Phelps, and has worked with cli- The report details the company’s ents in a broad range of industries Notebook including real estate, consumer successes and challenges in 2018, products, technology, software, highlighted by significant progress Nexans Completes engineering and construction, and in the areas of safety, strategy, Qualification Testing of ‘Best aerospace and defense. In January operational excellence, employee Paths’ Superconductor Cable 2019, The Los Angeles Business engagement, inclusivity, community According to Nexans, Paris, Journal named Cefali as one of the involvement and more. France, superconducting cables Top Women in Banking. could enable Europe’s power www.southwire.com grids to meet their challenging www.rfindustries.com CO2 reduction targets by helping Melissa Kladder to Sales to transfer many gigawatts (GW) Southwire launches Director at TE Connectivity of electricity over distances of 2018 sustainability report several hundreds of kilometers TE Connectivity, Darmstadt, Ger- from remote solar or wind farms Reflecting its continuing commit- many, a world leader in con- to population centers without the ment to sustainability, Southwire, nectivity and sensors, losses that are associated with Carrollton, GA, USA, has launched has appointed Melissa traditional resistive cables. its annual sustainability report, Kladder to the posi- Nexans says it has helped bring prepared in accordance with the tion of Director of Sales, these innovative high power links Global Reporting Initiative (GRI) Americas, for its Indus- a step closer to reality with suc- Standards: Core option. This on- trial business unit. She will report cessful completion of qualifica- line update features the company’s to Jason Moore, Vice President of tion testing on the ‘Best Paths’ su- approach, goals and advancement Global Sales and Marketing. perconducting cable developed in its most significant or “material” specifically for such high-voltage sustainability topics. Kladder, who has been promot- direct current (HVDC) links. ed from Industrial Channel Sales The 2018 report highlights all Leader, Americas, has been in the While the ‘Best Paths’ project has areas of sustainability at Southwire connectors industry for 18 years. focused on HVDC applications, and shares insight into the com- the same cable technology could pany’s most significant impacts and www.te.com be used in AC applications up to opportunities. The report outlines 400 kV extra-high-voltage levels. and details Southwire’s progress Development and testing of ‘Best toward its goals and strategies, Paths’ superconducting cable which align with five tenets—Grow- involved Nexans facilities located ing Green, Living Well, Giving Back, in Calais, France; Cortaillod, Swit- zerland; Halden, Norway; and Your single NAI expands interconnect Hannover, Germany. source supplier solutions capabilities for the wire and www.nexans.com cable industry NAI, Troy, MI, USA, announces an expansion of its design and Specializing in Equipment for the mholland.com 800-608-1577 manufacturing capabilities to pro- Wire & Cable Industry. duce ruggedized industrial cable • Appraisers • Auctions assemblies, box and panel builds. This expansion supports industries • Individual Pieces or Entire Plants such as industrial controls, com- +1.401.943.3777: phone munications, test, measurement, +1.401.943.3670: fax instrumentation and machinery. e-mail: [email protected] NAI has made multi-million dollar investments in additional equipment for its plants to broaden their capabilities in manufactur- Page 3
BUSINESS & MARKET REPORT July 1, 2019 Notebook Champlain Cable Inducted into Business Hall of Fame in Vermont Priority Wire & Cable Champlain Cable Corporation is previous winners including Champlain Increases Prices 5-8% pleased to announce its induction into Cable were honored. the Deane C. Davis Business Hall of About the honor, Champlain’s Presi- Priority Wire & Cable will be Fame in Vermont. Champlain Cable dent, Bill Reichert, said, “Vermont increasing prices between 5% was inducted into the DCD Hall of has been our home for 64 years. We Fame at a special ceremony at the have had a great history over these and 8% on its Alu- DCD Hall of Fame, which is housed at years through the dedicated work of our minum Building the UVM Grossman School of Busi- employees. It is an honor to accept this Wire as well as 600 V Utility ness at the University of Vermont. recognition of our employees’ loyalty, Cables. While metals pricing The DCD Award was established in service and accomplishments.” has remained relatively stable, 1990 and named after former Gover- market pricing has decreased nor, Deane Davis. This honor is given www.champcable.com while other costs have continued to a Vermont, USA, company that to rise such as the full effects of embraces the unshakable values that various tariffs that have been put Governor Davis brought to his office, in place over the past several enhancing the economy and champi- months necessitating a price in- oning the environment with the help crease. The company’s goal is of business and satisfied employees. to continue providing customers The Hall of Fame was established in with industry-best service levels. 2010 to honor the previous winners of the Deane C. Davis Outstanding Businesses of the Year. This year, five www.prioritywire.com ing ruggedized custom cable and Ducab names new CFO electro-mechanical assemblies Ducab, Dubai, UAE, one of the NKT to Co-Develop that withstand harsh environments. Superconducting Cable NAI’s focus on design engineering UAE’s largest manufacturing busi- and problem-solving offers custom- nesses, has appointed Meshal With NKT and four other partners, ers a unique business model in SWM Infrastructure, the connectivity industry, which is Al-Naqbi to the position a subsidiary of Stadt- suitable for highly complex projects. of Chief Financial Officer (CFO), taking responsi- werke München (SWM), will im- Part of this expansion invest- bility for the management of the plement what will be the world’s ment has been development of company’s global finance opera- longest superconducting cable NAI’s Industrial Center of Excellence tions. Al-Naqbi has been serving in Munich, Germany. NKT and (ICoE), which provides design and as the Deputy CFO at Ducab since partners will drive the develop- pre-production testing services, in 2016. ment project of the SuperLink in advance of and independent of, the In addition to Ducab, Al-Naqbi Munich. The 12 km high-voltage production process. has worked awcwrwo.rsfsswomrldu.clotmiple sec- transmission line between the tors with companies such as PwC, Menzing main substation west www.nai-group.com Emirates NBD, Ali Mousa and Sons of Munich and the large substa- Group, Emirates Nuclear Energy tion Munich South will be realized RFS appoints Monika Corporation, Central Bank of the using undergound cables with Maurer as President & CEO UAE and Abu Dhabi National Exhibi- high-temperature superconduc- tions Company (ADNEC). tors (HTS) inside. Radio Frequency Systems (RFS), www.ducab.com Paris, France, a global www.nkt.com designer and manu- facturer of cable, an- tenna and tower sys- “Your one-stop supplier of high-quality, tems, has appointed Drawing Lines for Nonferrous/Ferrous • global-value, second-hand nonferrous Monika Maurer as the new RFS Annealers • Insulating/Jacketing Lines • President and Chief Executive Of- wire & cable equipment” Sheathing Lines • Payoffs/Take-Ups • 100 Franklin Street ficer (CEO). Maurer has assumedMonika Maurer said: “I am very excited and honored about the opportunityStpoojoilnerRsFS• Casotihleersne•wBluenadcehrearsnd• IMore Bristol, CT 06010 USA T: +1 860 583 4646 • F: +1 860 589 5707 look forward to the engagement with the RFS customers to share more about our 5G solutions and other fit for T: +1 301 223 8584 customegr tlootabl-apalcklaegeasdoluetirosnhofifperinrges.”sponsibilities F: +1 301 223 8542 E-mail: [email protected] www.sampsistemi.com Website: www.wireandplastic.com for the company.Monika is an accomplished and experienced business leader. She has held several [email protected] www.rfsworld.comand will continue to serve as Vice Chair and member of the HR committee of the Board of Directors at Nokia Shanghai Bell Co., Ltd. as well as Member of the Board and the HR and remuneration committee at Valmet Oyi. Page 4 She was previously Chief Operating Officer of the Nokia Group and, prior to this, Chief Operating Officer of Nokia’s Fixed Networks Business Group.
BUSINESS & MARKET REPORT Fujikura awarded contract for WireCo WorldGroup plays a July 1, 2019 new optical cable technology part in the restoration of the George Washington Bridge Notebook Fujikura Ltd. is pleased to an- nounce that British Telecommunica- WireCo® WorldGroup, Prairie Vil- JDR Wins Cable Contract for lage, KS, USA, has been awarded a Belgium Offshore Wind Farm tions plc (BT), the contract to supply the replacement largest telecom- hangers for the George Washington JDR Cables, a part of TFKable munications operator in the UK, Bridge. Utilizing the company’s pat- Group, has signed a contract has awarded it contracts for the ented High Temperature Socketing supply of a new type of ribbon fiber material, WireCo is now producing with DEME Offshore cable, “Air Blown Wrapping Tube the cables for its second major for the SeaMade Cable™(AB-WTCTM)”. AB-WTC has bridge in New York City. WireCo also offshore wind farm. been developed by Fujikura using supplied the replacement hangers JDR will design and its “Spider Web Ribbon™ (SWR™)” on the Manhattan Bridge in 2012. manufacture 78.1 km of alu- fiber ribbon technology. SWR fea- minum core inter-array cables tures a bonded 12 core optical Extensive testing has shown and cable accessories including fiber ribbon and enables significant the High Temperature Socketing repair joints and connectors. cable performance advantages material to be effective in sustain- JDR’s established track-record over other ribbon technologies ing elevated temperatures for an in supporting offshore wind and traditional tube-based cable extended period without loss of projects cemented the contract designs. structural integrity in case of a fire or win. The inter-array cables con- Deployment of Fiber-to-the- accident that may expose cable as- necting the 58 Siemens 8.4 MW Home (FTTH) and 5G technology is semblies to elevated temperatures. turbines, will carry electricity to driving the global rollout of large an offshore substation. capacity optical networks. The WireCo WorldGroup markets www.jdrcables.com FTTH market in the EU countries is value-added products under sev- expecting significant growth in the eral brands used in a wide range Radix Wire & Cable coming years, as the latest forecast of market applications. Celebrates 75 Years data stated that FTTH/B penetration in 39 EU countries will reach some www.wireco.com On May 31, 2019, Radix Wire & 263 million homes and businesses Cable, Euclid, OH, by 2025. Superior Essex joins USA, celebrated Following this trend, BT plans to materialsCAN Collective its 75th anniversa- build a FTTH network across the UK ry. Radix branded enabling three million homes and Superior Essex Communica- wire and cable is businesses by the end of 2020 and tions, Atlanta, GA, ten million homes and businesses USA, has joined used to power both household by the mid 2020s. AB-WTC and rib- and industrial equipment as well bon fiber fusion splicers will help BT the materialsCAN collective. as helps to save lives in high- accelerate its network rollout while materialsCAN, an acronym rise buildings. Founded in 1944, achieving significant reduction in Radix quickly grew to become installation time and cost. standing for Materials Carbon Ac- a leading provider of wire and www.fujikura.co.jp tion Network includes members of cable for extreme environments. the global building industry that are Since then, Radix Wire & Cable NIEHOFF ENDEX ready to prioritize action in the re- has become an everyday part of North America duction of embodied carbon within people’s lives. www.radix75.com building materials and in the built Your Worldwide Partner environment as a whole. Interface, For Non Ferrous Wire Processing Equipment Inc., which is a global commercial flooring company launched this 1 Mallard Court, Swedesboro, NJ 08085 USA Tel.: 856.467.4884 [email protected] Fax: 856.467.0584 www.Niehoff-USA.com Page 5
BUSINESS & MARKET REPORT July 1, 2019 Notebook Times Microwave Systems Opens New Manufacturing Facility in Arizona As part of its plan to support growth Florida, USA, facilities, allowing us to Global Submarine Cable initiatives and more closely service more effectively service our custom- Systems Growing at 9.2% key customers in the western USA, ers coast to coast. According to a newly released This investment report from Reportbuyer, a Times Microwave delivers increased leading industry intelligenceWallingford, CT, June, 2019 Systems (TMS), capacity, additional For immediate release Wallingford, CT, USA, haTsimceosmMpiclerotwedavae Syscteampsabilities and provides a risk mitiga- solution that provides all market major expansion of its M35e8sHaall,AAveZnu,e,UWSallAingford,tiCoTn064m92easure to ensure uninterrupted research reports from top pub- manufacturing facility. TTh: e203n9e49w84f0a0,cFi:l2it0y3 949 8m42a3 nufacturing of our products.” lishers, the global submarine is 62,000 ft2. TMS is ownwew.timoefsmsicerovweavrea.clom Times Microwave Systems has over apcatebUctlSee$d1s3tyo.s4treebmaillcsiohnmUmTiaSnr$iak23me00nt1.,84euv,sbafisilalulMeiecoxdn-tiucrroinwAwlwogimactahsapiftnvihraoeetnechcn.eeonAiSslltlabiyrymtiubhysesbeinoiltnedinends-cbsumueysMtsttrciisnpaitelgyla,pnoscasnetrpaeakrdet,eeimntoAnaothnbnisrdesyizncii7onnea0ngnbwoyleievansaatretasivrnceodo,fnaehnsxisegpechemt-ririoebennlliiecapsebrifoilonibtryld,edemecsmoisga.anxniAnidang-l by 2027, with a CAGR growth company leaders. engineering-oriented organization, rate ofA9s.p2a%rt oinf ittsheplafon rteocsausppt opret g-rowth inBitiialltivCeasllaanhdamn,orGeecnloesreally Msearnviacgeekrefyocrusttohmeecrsominptahneywsepsetecrianlizes in the design Times Microwave Systems, said about and manufacture of high-performance riod froUmnite2d0S19tatteos,2T0im2e7s. Microwave Systetmhes (mTMovSe),h“aWs ecoamrpeleetexdcitaemd atojorbeexpeaxn-sionfleoxf iibtsleMaensad, sAerimzoin-raigid coaxial cable, wmwawn.urfeacptourritnbgufyaecirl.itcyo. mThe new facilitpyanisdi6n2gkousqr .mfat.nTuMfaSctuisrinognceaopfabsielivtieersal Acmopnhneencoltobrussianensdsecsable assemblies Furukaplwananead ntodbeSwWithCinCthe same industriainl pMaerksainatnhidstlhoecagtiroena.teArrPibhbooenncixutatinregac.erefmoronRyFwtarsanhsemldistosdioany from HF through This creates a manufacturing center microwave frequencies as well as ShowabyHcitoy,ldstiantegasnAd lclioamnpcaeny leaders. of excellence in the western USA that lightning and surge protection products. Furukawa Electric has conclud- complements our Connecticut and www.timesmicrowave.com ed witBhill SCWallaChCan,SGheonweraal MHaonaldge-r for Times Microwave Systems, said about the move, “We are excited to irinnegtgesagrCrdamboienta.igo,neunxLfapatadconbt.ufduraisinsnaggilneloecetuetssernsrtmfeuaroanlonflcifuaintfeainxotcecctnuenesrl,ltienngcecatGgiapnreaiontbnhuiTelsieptilweeeisdern,s,itn2eUar0MnnS1eGd8Us,SaAaSratlhaomnanidntsgcttthr-sooGeimdnogpegrlbeeSmaCaktieeeannrin/ltisPCnshokgeouasrer-,.nCixostbnahnyroeeesoactek.tGic.mTulohTtihbsbaenercidNrn2eFgea5ltsot0ers0niAdeaarkgtmweonsrtuiknb,aspefruaolvlycidainibntloge and efsatcailibtielsisahllmoweinngtuos ftoamonreeweffectivSeulypseerrvioicre Eosusr ecuxstaomndersKcionagsst ptoacnoaIsnt.-Thisseinavmesltemsesntcdoenlinveercstivity between the jointly infucrneadseedd scaapleacsityc,omadpdiationnyal capsaublailittieeds Paandneplsroavirdeesthea twrisok nmeiwtigeastiot n SmoeuatshureerntoCoennseureof South America in the ugneinnteerrruaplt-epdumrpanousfaectpuroinwgeorf our pmrodeumctbs.e” rs to join the collaboration. and the United States. www.globenet.com cable business for construction Membership in materialsCAN and wAhbooleust aTilemress. Microwave Systems continues to outwardly display the Times Microwave Systems has ovesru7p0pyoeratrsSuofpeexrpioerrieEncseseinx dCesoigmnimngui-nnovRaFtivIen, dhiughs-trreileiasbidlitye,clares dividend coaxial cables and assemblies fornidceamtiaonndsinghainstertcooncnoelclteiocntivperobglelombsa. lAn &enaginneneorinugn-ocrieensteQd 2 2019 results pFuerrusokanoserawgmlaain-triizieghaisdtaioswnco,inatthhxoeiaSlccoWcamapCbpilaCetna,ytlchsoopanerntceiactliozresssu, siantnatdwhinewcadawbebsli.elisigtuynapsianseneirdtmiiaombrtliaeivensesussffea.ocxrt.ucRroeFmotfrahnigshmpisesrifCkoonerAmtRe,farFUronmcSoIenAf Hdfi,lneFuaxtesimtbthrlrceraiooeaunnsngu,ndhfeaLtccdttu.p,rreSoradanuncDdtsimeaganord-, requirmeicrnoowtaivfeicfaretqiuoenn,ciebsuats wtheell as ligGhtnloinbgeanNdesturcgoe mproptelecttioenspmrodaucrtisn.e systems, has declared a quarterly company and its subsidiaries survey for Malbec subsea cable cash dividend of US$0.02 per share, prwceorilotnahddtiuvSuweWcFCTcewtaottsloCr.r:o.wbC+lcfyuu1.onfras2uptT0hinrunp3uerd9enerk4esria9rint:sws8wfM4oita2rsarrre9maku.,ecaEbnatoimntnssig.aoiajddpiCnl:coic:catoaairorrdboiinelnylaensst.otur,rnTeimr@acgUeosrntSiommMGnAweicosls,romiouniawbincngarfeocvrl.weaNeecoSsadhemytdsort,ttuelihenmcFastsgoutarrltiaeet LnihpnadarutohsdtvehiecdeAoredmmrfaaoeplsferltiet,ceetaselFestLd--,, payable on July 15, 2019, to stock- holders of record on June 30, 2019. RF also announced financial re- sults for the Q2 of fiscal 2019 ended April 30, 2019. Net sales increased the marine survey for its new sub- sea cable to Argentina, Malbec. The new cable system will link the Brazilian cities of Rio de Janeiro and Sao Paulo to Buenos Aires, Argen- tina with a branching unit to reach Porto Alegre, Brazil, in the future. The Malbec project is being de- ployed in collaboration with Face- Page 6
BUSINESS & MARKET REPORT LS Cable & System Donates Millions July 1, 2019 in Scholarships to Donghae City Notebook On May 29, 2019, LS Cable & System Comtran’s Cat. 6 Cables donated 500 million won (over US$ 43 Converting to Cat. 6e million) to Donghae City, Gangwon-do, South Korea, to bolster a scholarship Comtran, Attleboro, PA, USA, will fund used to foster local talents. convert all its current Cat. 6 mini- President & CEO, Roe-hyun Myung mum compliant 250 MHz cable of LS C&S, said, “Donghae is the to be Cat. 6e 550 MHz. There will cradle of our submarine and extra- be a transition period for this to high-voltage cables, which are the core Roe-hyun Myung of LS Cable & happen. All material made to the products of LS C&S’s global business. System (right) donates 500 million won As a local company, we decided to new 550 MHz Cable donate the scholarship funds for joint for scholarships to Donghae City. Wire andwill be clearly development with the community.” LS C&S has been consistently making marked on the To date, LS C&S has invested more efforts to the local community through CustomizedComtran label, Compo than 400 billion won in Donghae City talent-development donations by em- as shown in the by building a submarine cable plant in ployees directly fostering future talents. 2008, and it has begun construction of The firm’s participation in a job training aEcCcComofpfearsntyointhge wire and cable market a broad gcruasptohmiciz.ed elastomeric or polyolefin based com a second plant this month. The compa- program sponsored by the MOU and utilizwedwfowr.mcoemdiutrman/hcigohrpv.oclotamge as well as certa ny states that it will develop the Dong- Gangwon University to provide job hae site as its outpost in Gangwon-do, training and the ‘LS Dream Science which is the center of cooperation with Class’ for elementary school students AvoFlLtaEgxepflaamnde sreAtaDrdSaSntCapapblilceations including: the northern economic zone and inter- are typical examples. LineEPwRitChoNmepwounFdlesx-Span® www.lscable.com A FLE, laSsptoamrtearnicb, Currogs,sSlinCk,abUleS,A, a Korean economic cooperation. macacneausnfsdaoTcrthiueersremraoonpfdlfaibseteiqcruoCippotmmicpeconautbn, ldeiss, expFalnamdiengReittsasrdinagnltea-njadcHkealtoAgDenSSFree Compou 28% sequentially to US$13.6 million control procedures, evaluation of its porMtfooilsioturwe iCthrosthsleinkinabtreoCdoumctpioounnds and net income increased 66% se- manufacturing facilities, personnel FR Masterbatchoef sa new con- quentially to some US$1.1 million, or and processes and detailed exami- Insulation, Jackfeigtinugr,ation for US$0.11 per diluted share. nation of ACCC Conductor samples produced by Pakistan Cables. and Bedding CtohmepFoluenxd-Sspan® www.rfindustries.com ADSS family of www.ctcglobal.com fiber optic ca- Pakistan Cables certified ble. Flex-Span to make ACCC® conductors Insteel Industries announces Q3 2019 conference call designs are optimized for a CTC Global, Irvine, CA, USA, broader combination of fiber announced that Pakistan Cables Insteel Industries, Inc., Mount counts and span lengths, pro- Airy, NC, USA, an- viding ADSS system designers Limited has suc- nounced that a Q3 more flexibility in their product cessfully com- sctuoeblneefcisgtiuow1rna0it.h8tiFowRl2enw4axcdw-ofSoi.nbpEDtealaTerrneicisnv’lts:esrei+,cfnai1NCvecea2awhu0bbfgl3uceoa-ofCr7fteru2oaerc3mk-p,2oC5u9Tn00d6s.7c7o pleted the qualification process for 2019 earnings conference call will total of 120 fibers. producing ACCC® Conductors at its be webcast live over the internet manufacturing facility in Karachi, on July 18, 2019, at 10 AM ET. The www.aflglobal.com Pakistan. The exhaustive process conference call can be accessed undertaken by Pakistan Cables on the company’s website. Quality Compounding for to meet CTC Global Corporation’s the Wire & Cable Industry qualification requirements involved www.insteelgcs.gcs-web.com an audit of Pakistan Cables’ quality 108 Rado Drive, Naugatuck, CT 06770 Daburn Electronics and Cables Tel: +1 203-723-2590 You need it—We have it! acquires Precise Circuits 802.773.9111 www.ElectricCableCompounds.com Daburn Electronics, Dover, NJ, www.carris.com USA, has acquired Precise Circuits, Page 7 [email protected] a custom electronics design and manufacturing company. Precise Circuits will now operate as a divi- sion of Daburn Electronics and will expand its design/manufacturing operations in Carrollton, TX, USA. www.daburn.com
EVENTS & OPPORTUNITIES IPC & WHMA Sponsoring tween the nonferrous/electrical and July 1, 2019Subscribe @ www.wiretech.com/overview.asp M-EXPO Show in Mexico the ferrous sectors. The conference takes place October 21, 2019. Many EVENTS The Institute of Printed Circuits® of the foremost industry suppliers (IPC), El Paso, TX, USA, and the will be available on October 21 to September 18 – 20, 2019 Wiring Harness Manufacturer’s share their expertise via table top wire Southeast Asia 2019 Association® (WHMA) have joined booth exhibits. There will also be Bangkok, Thailand M-EXPO to offer more value to their two tours on October 22, 2019. www.wire-southeastasia.com supplier and manufacturing mem- www.mdna.com bers as well as offer educational www.wirecable19.com access to the Northern Mexico Ma- September 23 – 24, 2019 quiladora Wire Processing Industry. LEONI Celebrates in Serbia IPC/WHMA Conference Europe Prague, CZ IPC/WHMA offer cutting-edge LEONI celebrates 10 years since www.ipc.org education, training and certifica- the beginning of its activity in Ser- www.whma.org tion on relevant industry topics and gives M-EXPO’s access to an exclu- bia. A ceremony was September 29, 2019 – October 2, 2019 sive show for wire and cable indus- held in the produc- IWCS 2019, tries in Northern México. M-EXPO tion plant of Prokuplje in the pres- Charlotte, NC, USA takes place in Cd. Juárez, Chih. ence of the company’s representa- www.iwcs.org México, October 9 to 11, 2019, at tives, employees, local institutions, Cuatro Siglos Convention Center. business partners and media. October 1 – 3, 2019 LEONI Serbia was founded in April wire South America 2019 www.ipc.org / www.whma.org 2009 in Prokuplje and is currently Sào Paulo, Brazil the only European entity with four www.wire-south-america.com Wire & Cable Verona 2019 production facilities within the Wir- www.mdna.com Conference & Hotel Details ing Systems Division (WSD). October 9 – 11, 2019 Registration, hotel details and LEONI Serbia has some 9000 M-EXPO Wire Processing Technology preliminary program content are employees and is the biggest in- Ciudad Juárez, México dustrial employer in Serbia. www.mexpowire.com now available for the Wire & Cable Verona www.leoni.com October 15 – 19, 2019 2019 Conference at the website ICF Congress 2019 below. Wire & Cable Verona 2019, Inaugural CRU Africa Wire, Cancún, Mexico a technical conference of collabora- Cable & Tube Conference www.wire-south-ame tion and innovation, produced by ACIMAF and the Wire Association The inaugural Africa Wire, Cable October 21 – 22, 2019 International, takes place October & Tube Conference, co-organized Wire & Cable Verona 2019 21 to 22, 2019, in Verona, Italy. by CRU and The Southern African- Verona, Italy The conference offers the latest German Chamber of Commerce www.wirecable19.com technical information shaping the and Industry (AHK), will be held field of wire and cable manufac- November 11 to 13, 2019, in Johan- November 6 – 8, 2019 turing. Attendees and presenters nesburg, South Africa. Cable & Wire Fair 2019 will be leading authorities moving New Delhi, India the industry forward. The program wire and Tube Düsseldorf, the www.cablewirefair.com being finalized now includes 22 world’s largest trade shows in this technical papers balanced be- field, are lead sponsors of this im- November 12 – 15, 2019 portant new conference. productronica Munich, Germany www.crugroup.com www.productronica.com November 13 – 20, 2019 Africa Wire, Cable & Tuibe Conference Johannesnurg, South Africa www.crugroup.com February 17 – 21, 2020 WHMA Wire Harness Conference Las Vegas, NV, USA www.whma.org • www.ipc.org March 17 – 19, 2020 UL and IWCS China 2020 Shanghai, China www.ulandiwcschina.org March 30, 2020 – April 3, 2020 wire 2020 Düsseldorf, Germany www.wire-tradefair.com www.mdna.com Extrusion Systems and Tooling for the Wire and Cable Industry Technology that modernizes plant efficiency with increased productivity, reduced scrap and quality that meets and exceeds www.tipsanddies.com 505 Mill Street, Rome, NY 13440 Phone: 315-337-4161 Page 8
Search
Read the Text Version
- 1 - 8
Pages: